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Feb 4, 2013
02/13
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you say you're cautious on some of the bulge names in part because of the eu risk is higher in those. how serious do you take a day like today on that front? >> well, our biggest concern really is the continued unstable nature of greece. i think spain and italy will be fine as long as greece doesn't create a chain reaction, which i think it will. and i'm still very concerned about what is going on there. but as you guys pointed out, you know, you came into early 10, early 11, early 12 and felt good, trends were good and the eu kind of put the kibosh on ceo confidence and capital markets activity. i'm concerned about that. >> you seem less worried. >> we're more worried about the u.s. economy. i think what we're seeing now in the marketplace makes sense. we had the megabanks lead the rally late last year. we recently have switched to the regional banks outperforming the megabanks and now we're getting that normal consolidation period which is to be expected. look at the ten-year treasury yield, that's what we say. if above ten for first quarter -- above 2% for first quarter, then earni
you say you're cautious on some of the bulge names in part because of the eu risk is higher in those. how serious do you take a day like today on that front? >> well, our biggest concern really is the continued unstable nature of greece. i think spain and italy will be fine as long as greece doesn't create a chain reaction, which i think it will. and i'm still very concerned about what is going on there. but as you guys pointed out, you know, you came into early 10, early 11, early 12 and...
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you could also say the good news out of europe this morning putting a bid under the market with eu leaders agreeing to budget cuts for the first time in seven years. what's not to love? >> everything is to love. the volume is light, it doesn't matter, and generally i would have disputed that, but i think volume is light, if it would have been bigger then we would have had more to the upside. i think a lot of volume is due to people going home. i sense the sentiment is correct, people like this market. they like it. liz: they like it. okay. it's that moment at the moment until there is some type of negative headline; right? i mean when you look at that, that's what's been our biggest problem. >> i think it has been. this has been headline driven for the last three or four years. i think since january truly people have decided they are going to put their money in the stock market. i mean they think the fundamentals are getting better. we saw this this morning with the data out of china and the u.s. i think people are continuing to feel better, and as long as they are feeling better, they are
you could also say the good news out of europe this morning putting a bid under the market with eu leaders agreeing to budget cuts for the first time in seven years. what's not to love? >> everything is to love. the volume is light, it doesn't matter, and generally i would have disputed that, but i think volume is light, if it would have been bigger then we would have had more to the upside. i think a lot of volume is due to people going home. i sense the sentiment is correct, people like...
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Feb 21, 2013
02/13
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this seems to be one more driven by growth worries coming out of the eu. take a quick look at the damage that's brought in terms of the currency board. the euro over here, there we go, dooits it's down about 0.8%. as for sterling that's also weaker, but just a little bit. the dollar did strengthen significantly after the fed yesterday. everyone is saying it's an overreaction to the fed minutes. we know that what they'ring god is conditions don't stay put. >>> back over here, citi's chairman is not seeking a break-up of the bank. a story in today's wall street journal says michael o'neill was among those encouraging investors not to break up the bank. he is backing abroad cost cutting plans, but exploring a break-up is no longer said to be among his top priorities. >>> and top equity firm sports ing represents tennis players and lots of people including super model giselle bundchen. back in the day owned roger federer. the decision to sell has been driven by the trustee who own tess state of the former ceo and chairman. peemp say it could fetch mother than
this seems to be one more driven by growth worries coming out of the eu. take a quick look at the damage that's brought in terms of the currency board. the euro over here, there we go, dooits it's down about 0.8%. as for sterling that's also weaker, but just a little bit. the dollar did strengthen significantly after the fed yesterday. everyone is saying it's an overreaction to the fed minutes. we know that what they'ring god is conditions don't stay put. >>> back over here, citi's...
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Feb 18, 2013
02/13
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/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. tony t fratto, michael beschloss joining us. >>> up next "on the money," over came china's cultural revolution to become a star of america's >>> our entrepreneurs born or made? my next guest tells a remarkable story of innovation. she remade her own life, surviving a difficult youth in mao's china and american technology pioneer. king few is author of the memoir "bend not break." ping, great to have you on the program. thanks for joining us. >> so pleased to be here, maria. >> the memoir is actually a page turner. we were so looking forward to ha having you. it's been quite a journey. beginning with being sent to a labor camp at age 8 where you cared for
/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. tony t fratto, michael beschloss joining us. >>> up next "on the money," over came china's cultural revolution...
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Feb 18, 2013
02/13
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/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. tony t fratto, michael beschloss joining us. >>> up next "on the money," over came china's cultural revolution to become a star of america's [ male announcer ] pillsbury grands biscuits. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese fold it all up and boom! i just made an unbeatable unsloppy joe pillsbury grands biscuits. let the making begin. faster than mandy can hang up on mr. monday. you hang up first. [ female announcer ] in just 60 seconds, you've got snack-defying, satisfying totino's pizza rolls. [ ringing ] it's on. let's roll. >>> our entrepreneurs born or made? my next guest tells a remarkable story o
/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. tony t fratto, michael beschloss joining us. >>> up next "on the money," over came china's cultural revolution...
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Feb 22, 2013
02/13
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they say you will barely grow for the whole of the 27 nation eu. they will contract again in 2013. sign number three provided by the federal reserve bank of st. louis, james bullard today on squawk box. >> it is very easy and it will stay easy for a long time. i think policy is much easier than it was last year because i think that the outright purchases are more potent tool than the twist program was, and we replaced the twist program with the outright purchases. i don't think the market has absorbed that switch. >> giving you their analysis of those signs in a moment. but first, let's focus on the price action we have heading into the weekend. bob pisani has that. >> remember we started falling apart when we had the fed minutes at 2:00 p.m. wednesday. that's when the market changed and it changed around when bullard said they would stay for a long time. i think bernanke will imply that next week in his testimony. take a look at the dow. this is what you saw throughout january into february, up until wednesday. slow melt up into the afternoon again. starting to get close to the hi
they say you will barely grow for the whole of the 27 nation eu. they will contract again in 2013. sign number three provided by the federal reserve bank of st. louis, james bullard today on squawk box. >> it is very easy and it will stay easy for a long time. i think policy is much easier than it was last year because i think that the outright purchases are more potent tool than the twist program was, and we replaced the twist program with the outright purchases. i don't think the market...
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Feb 18, 2013
02/13
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/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. >> thanks. >> tony fratto, michael beschloss joining us. >>> up next "on the money," the entrepreneur who became china's consult cultural revolution to become a star of america's capitalism. ping fu will join me. >> this is a 3d printed shoe. [ indistinct conversations ] [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> are entrepreneurs born or made? my next guest tells a remarkable story
/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. >> thanks. >> tony fratto, michael beschloss joining us. >>> up next "on the money," the...
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Feb 5, 2013
02/13
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we have francois hollande today speaking to the eu parliament. he's going to lay out his vision for the eu against that economic back drop. >> isn't it amazing? we come into the week yesterday with everyone still talking. you have that great barons cover, you come in, just get the risk trade massively off. and the question for today and the rest of the week is frankly whether that's a bump in the road or the start of a down trend. >> you have the front cover, these are all good contra indicators. >> sorry, media friends. but this is not exactly the best of -- >> we always have timing. on today's show, we're in zurich where we hear from the ceo of ubs about the group's outlook. the swiss bank won to a loss in the fourth quarter. >> and is we'll head out to california for a look at the next offer. it's due to be released later today. we'll be live in madrid as the spanish prime minister's party pledges to fight corruption allegations that have prompted calls for his resition naz. >> and for its to earn its annual forecast on a weaker yen, we have i
we have francois hollande today speaking to the eu parliament. he's going to lay out his vision for the eu against that economic back drop. >> isn't it amazing? we come into the week yesterday with everyone still talking. you have that great barons cover, you come in, just get the risk trade massively off. and the question for today and the rest of the week is frankly whether that's a bump in the road or the start of a down trend. >> you have the front cover, these are all good...
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Feb 14, 2013
02/13
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FBC
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they are sending it to the eu. they sent it late yesterday. eleven countries are moving to the tobin tax. it is a 0.1% tax that would hit your 401(k)s. it is a blistering letter. you have to stop this tobin packs and it tracks. it will increase trading costs. it will diminish liquidity. it is a job killer. they also say they did not want a similar type of tax because it will kill jobs. the eu right now is in depression. it is in serious need of revenue. it will violate international treaties. they are worried about treaty protection. also, the big and run that is being talked about at the eu is that traders that assess this tax and do the trades outside that zone, those companies will not be allowed to do any trade transactions with those 11 countries whatsoever. this is serious breaking news for investors all over the world. connell: this would hit regular investors. liz: yes, if they have international investors. this would be collected from investors around the world. it is basically an overreach. that is what they are upset about. they are
they are sending it to the eu. they sent it late yesterday. eleven countries are moving to the tobin tax. it is a 0.1% tax that would hit your 401(k)s. it is a blistering letter. you have to stop this tobin packs and it tracks. it will increase trading costs. it will diminish liquidity. it is a job killer. they also say they did not want a similar type of tax because it will kill jobs. the eu right now is in depression. it is in serious need of revenue. it will violate international treaties....
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Feb 13, 2013
02/13
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connell: eu ambassador to the u.s., thanks a lot. dagen: jack lew's confirmation hearing underway. he is facing some heavy scrutiny for his time spent. connell: rich edson is following this for us on capitol hill. rich: president obama pointed out that romney's time as a banker. all of that. also, jack lew's pay at citibank. >> in 2008 i was in employee in the private sector. i was compensated for by work. i will leave for others to judge. rich: that is something that republicans are calling hypocrisy. jack lew is saying he would like to get both individual and business tax reform done. republicans have been floating at the corporate side at 25%. it would be challenging to get there. he would like to, on the individual side, raise some revenue. he says he is looking forward to working with lawmakers on overhauling both the individual and corporate tax codes. something that will probably take an awful long time here. dagen: thank you. rich edson in washington. connell: we have charlie rangel coming up. you probably heard the president talking about a higher animal wage. we will hear
connell: eu ambassador to the u.s., thanks a lot. dagen: jack lew's confirmation hearing underway. he is facing some heavy scrutiny for his time spent. connell: rich edson is following this for us on capitol hill. rich: president obama pointed out that romney's time as a banker. all of that. also, jack lew's pay at citibank. >> in 2008 i was in employee in the private sector. i was compensated for by work. i will leave for others to judge. rich: that is something that republicans are...
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Feb 15, 2013
02/13
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. >> we have scotland and then we will have the eu probably about 16 or 17 after the next -- >> i've invited you to be the 51st state over here. >> that's all you will be over here. >> you try to tax us without representation, we'll try to -- >> it's a good number. >> martin b what do you think about the referendum? >> i got myself into trouble by saying that it increases uncertainty. it's what i called the fifth grace one and so there's more uncertainty now. from a political point of view, there's -- >> because of the referendum? right. the prime minister made the right decision. the uk sort of right wing party, it liked the tea party, i guess, in some respects has gained 16% of the vote according to the polls. take more from the trres or from labor. so i think the prime minister was concerned about that. having a referendum laid it out. we did some polling, online polling after the speech. they thought the referendum was right. content of the speech was good, they would vote for the coming out of. there's a lot of work to be done until we get to the referendum what does it mean tor
. >> we have scotland and then we will have the eu probably about 16 or 17 after the next -- >> i've invited you to be the 51st state over here. >> that's all you will be over here. >> you try to tax us without representation, we'll try to -- >> it's a good number. >> martin b what do you think about the referendum? >> i got myself into trouble by saying that it increases uncertainty. it's what i called the fifth grace one and so there's more...
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Feb 7, 2013
02/13
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. >> now we go into a full eu heads of state summit. it will be interesting to see if that theory about the euro gains further traction. >> let's roll out the red carpet and watch for the arrivals. thanks, simon. let's get to rick santelli in chicago, where we're still talking about your punch bowl this morning, rick. >>> i'll tell you what, it never ceases to amaze me where somebody like mr. rubin could say nobody could have nope, and yet the government singles out s&p. there's more to this story, or maybe there isn't. like i said, you can't fight city hall. one guy always fighting the battle keeping us informed about what may or may not be happening in europe is mark brand, southwest securities. mark, you were just listening to mr. draghi, and many of your comments, along with many traders on this floor, everyone was wondering when a big salvo to lower the value of the euro will be emanating from europe to keep up with the japanese. has that day arrived? >> no, the day hasn't arrived ye. i'll tell you what has arrived. the way the eu
. >> now we go into a full eu heads of state summit. it will be interesting to see if that theory about the euro gains further traction. >> let's roll out the red carpet and watch for the arrivals. thanks, simon. let's get to rick santelli in chicago, where we're still talking about your punch bowl this morning, rick. >>> i'll tell you what, it never ceases to amaze me where somebody like mr. rubin could say nobody could have nope, and yet the government singles out...
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Feb 25, 2013
02/13
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comes in line of the eu position of the help to rebels but he would not divulge. it's a busy, busy week in rome, tamron. >> thank you. greatly appreciate. >>> and several fans and stars have come to the defense of child actress quvenzhane wallis after she was brutally insulted by the website the onion. the site since deleted the offensive tweet. now apologizing. we'll tell you what the onion posted. toure will join us. ♪ alright, let's go. ♪ shimmy, shimmy chocolate. ♪ shimmy, shimmy chocolate. ♪ we, we chocolate cross over. ♪ yeah, we chocolate cross over. ♪ [ male announcer ] introducing fiber one 80 calorie chocolate cereal. ♪ chocolate. your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look who's getting smart about her weight. [ ma
comes in line of the eu position of the help to rebels but he would not divulge. it's a busy, busy week in rome, tamron. >> thank you. greatly appreciate. >>> and several fans and stars have come to the defense of child actress quvenzhane wallis after she was brutally insulted by the website the onion. the site since deleted the offensive tweet. now apologizing. we'll tell you what the onion posted. toure will join us. ♪ alright, let's go. ♪ shimmy, shimmy chocolate. ♪...
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Feb 8, 2013
02/13
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in europe, the eu summit continues. but the action really taking its cues from china this morning. we have green arrows across the board in europe. take a look at asia. strong eco data out of china in focus. much more on that in just a moment. the road map begins at the golden arches. not even the cheddar onion burgers could help mcdonald's. they missed estimates in every region. asia was down a whopping 9.5%. >> exports boomed 25%, inflation cooled, but met expectations, capping off a two-week winning streak for stocks. >> a blowout quarter, users increase continued in momentum. >> the storm could be one for the record books. forecast calling for as much as 2 1/2 feet of snow in some parts of the northeast. already more than 3,700 flights have been canceled. we'll get more from the weather channel on the path of nemo. >>> mcdonald's down 1.9 in january. middle east and africa, europe saw a 1%, 2% decline. u.s. the only bright spot. comps up 9%. even some suggestion that asia, which is 40% japan, but also china, got tainted with the chicken contamination scare. >> that wouldn't sur
in europe, the eu summit continues. but the action really taking its cues from china this morning. we have green arrows across the board in europe. take a look at asia. strong eco data out of china in focus. much more on that in just a moment. the road map begins at the golden arches. not even the cheddar onion burgers could help mcdonald's. they missed estimates in every region. asia was down a whopping 9.5%. >> exports boomed 25%, inflation cooled, but met expectations, capping off a...
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Feb 1, 2013
02/13
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do, what can the eu do? the problem is with too many institutions, too many structures and there's no inner operability. the eu send their own folks. the americans are send their own trainers to tunisia and mali, but from what i hear from folks on the ground they say they don't work together. so that's something that needs to be looked into. >> there's something that i forgot to mention, which your comment just provoked me to remember. i forgot to mention the important role of algeria. nothing is going to happen without algeria. right? paul kennedy and gil meche university, 15 years ago growth is really important article in foreign affairs called the pivotal states. right? and he argued that in every region of the world there is a pivotal state unless you work with the pivotal state, then the answer states around the pivotal state won't function properly. and his argument was that in west africa, nigeria, is a pivotal state, and east arguably are the pivotal states and south africa is south africa. but in no
do, what can the eu do? the problem is with too many institutions, too many structures and there's no inner operability. the eu send their own folks. the americans are send their own trainers to tunisia and mali, but from what i hear from folks on the ground they say they don't work together. so that's something that needs to be looked into. >> there's something that i forgot to mention, which your comment just provoked me to remember. i forgot to mention the important role of algeria....
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Feb 13, 2013
02/13
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he did lay out things like trade agreement with the eu, natural gas, in terms of balancing the budget, how you do that. probably disagreement how he gets there and talked about manufacturing and immigration. seems like a few ideas some business leaders could get on board. from the business roundtable they liked immigration and natural gas parts. obviously, there's a lot of other stuff in there they didn't lik like. >> personally, i can't believe in 2013 we're still having an immigration discussion. >> yeah. >> i think this whole matter should have been resolved years ago. i still think it should be resolved and resolved quickly. thick this who i think this whole focus protecting the border, et cetera. nobody's coming to the united states anymore. the jobs aren't here. in reference to your comments about the president's speech last night, i think this whole direction of renaissance of manufacturing is wonderful. it's terrific. the only problem is we don't have the talented -- we don't have the bodies. so if i were betting, i would say the more the president encoura encourages domestic
he did lay out things like trade agreement with the eu, natural gas, in terms of balancing the budget, how you do that. probably disagreement how he gets there and talked about manufacturing and immigration. seems like a few ideas some business leaders could get on board. from the business roundtable they liked immigration and natural gas parts. obviously, there's a lot of other stuff in there they didn't lik like. >> personally, i can't believe in 2013 we're still having an immigration...
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Feb 2, 2013
02/13
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we're not worried about, well, for the moment, the eu -- we have that kind of psychological factor. a healthy private sector. and the problem is what? the problem is government and bad policy. and that's what we have to offset. >> but jim iuorio, i want to know where to invest. do we buy gold, silver, and commodities? do we buy banks, which are lagging a little bit? do we buy industrial cyclicals to play the world boom, if there is such a thing? in other words, how do you invest right now, having passed this 14,000 benchmark? >> well, there's a couple things. first of all, when caterpillar released its earnings it talked about good numbers out of housing. and you stloe in china. you invest in things like copper. you know i still like gold and silver. and today with the green light from the fed i'm still going to stay in things like those. i am in bank of america. i am in health care. i think the stock market looks pretty good. you said before, though, the stock market tends to be a leading indicator of the economy. when the fed pumps in so much money and global banks pump in so much
we're not worried about, well, for the moment, the eu -- we have that kind of psychological factor. a healthy private sector. and the problem is what? the problem is government and bad policy. and that's what we have to offset. >> but jim iuorio, i want to know where to invest. do we buy gold, silver, and commodities? do we buy banks, which are lagging a little bit? do we buy industrial cyclicals to play the world boom, if there is such a thing? in other words, how do you invest right...
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Feb 12, 2013
02/13
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/eu free trade agreement. >> i disagree with that. >> they have big deficiencies, and actually a bulwark on standard setting -- >> you disagree with the idea of trade -- >> no i definitely think trade boosts growth and want to see more net exports. what i have never seen is a connection between free trade agreements and an increase in our gdp or even our positive trade balance. more often than not -- >> when you look at nafta, haven't they finally concluded that there were more jobs created here because we were selling more? >> no, in fact, nafta is a -- nafta is a good example -- >> trade balance with mexico went negative. i'm saying after nafta our trade deficit with mexico went from positive to negative. >> nothing happens in a vacuum. >> it's a -- >> but -- >> current -- >> intellectually -- >> don't you know that free trade -- >> absolutely. i'm all for free trade. the nafta we were just talking about, it was 1200 pages. it actually doesn't take that long to write a free trade agreement. the nafta and many others -- >> that was shorter than the health care reform bill? >> you know,
/eu free trade agreement. >> i disagree with that. >> they have big deficiencies, and actually a bulwark on standard setting -- >> you disagree with the idea of trade -- >> no i definitely think trade boosts growth and want to see more net exports. what i have never seen is a connection between free trade agreements and an increase in our gdp or even our positive trade balance. more often than not -- >> when you look at nafta, haven't they finally concluded that...
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Feb 25, 2013
02/13
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hagel refused to sign a letter that asked the eu to declare hezbollah a designated terrorist group. he doesn't want to dictate foreign policy. the fact of the matter is members of congress who enact the legislation determining that it's illegal to provide support for terrorist groups like hezbollah and hamas and hagel said we need not to go at this alone and cross border support to defeat hamas and it's extremely troubling that the so-called future, perhaps future secretary of defense refuses to work across the pond, to ensure the safety of america. >> at a time when we are, remember, the netanyahu speech before the u.n. and showing the red and the bomb and tipping point. at a time when we have israel making real warnings about iran getting nukes and what israel would do in response this is the guy heading up the pentagon and obviously israel will want our help if they find themselves in an armed conflict with iran. what are the stakes for israel in seeing hagel? president obama is going to set that policy not hagel, right? but he's got some independent power. >> well, look, the que
hagel refused to sign a letter that asked the eu to declare hezbollah a designated terrorist group. he doesn't want to dictate foreign policy. the fact of the matter is members of congress who enact the legislation determining that it's illegal to provide support for terrorist groups like hezbollah and hamas and hagel said we need not to go at this alone and cross border support to defeat hamas and it's extremely troubling that the so-called future, perhaps future secretary of defense refuses...
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Feb 8, 2013
02/13
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there hasn't been a ton of move responding to the eu budget meeting which is reportedly winding up right now. there has been a lot of auction. adding 20% candidate as i can see here. the stoxx 600 is adding about 0.5% all told. take a look at this, bwin.com, there's talks about new jersey governor chris christie opening up online gaming. it leaves the possibility out there for atlantic city casinos to offer games like poker online. so bwin has a join venture with boyd gaming which is licensed in new jersey. and the view among analysts is that other states, potentially federal legislation could follow suit. this is a small step in the direction of perhaps allowing more and more of the u.s. market to gamble online, like you can already with this one. up 19%. watch shares generally speaking in the gaming session today because you can expect there will probably be some similar moves. just the final word, we saw the yen strengthening avenue the yen appeared to talk down some of its easing moves. the yen was still 1% stronger. the nikkei ended the day 12-day winning streak with one of its long
there hasn't been a ton of move responding to the eu budget meeting which is reportedly winding up right now. there has been a lot of auction. adding 20% candidate as i can see here. the stoxx 600 is adding about 0.5% all told. take a look at this, bwin.com, there's talks about new jersey governor chris christie opening up online gaming. it leaves the possibility out there for atlantic city casinos to offer games like poker online. so bwin has a join venture with boyd gaming which is licensed...
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Feb 25, 2013
02/13
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the eu is providing non-legal aid, i am wondering if the u.s. is considering this? and if you are ceding influence for the ron. afghanistan has asked u.s. troops to leave the province and i think within two weeks, can we get your comment on that? >> with respect to afghanistan, i understand the concerns they have expressed. appropriately, when a complaint they may have thought to be appropriately evaluated. they will be, i assure you. i have taken appropriate note and i have had a great deal of involvement in afghanistan with president karzai. there are evaluations of how things might have gone wrong or might have changed. we are working on a bilateral security arrangement and this transition process. we have had a very good conversation with the president. president obama talked to him before making announcements. we have listened very carefully to his observations about wanting to speed up the transition with respect to management of security. i can assure you that we are finely attuned to the needs of the afghan people, and the most effective ways to make this tr
the eu is providing non-legal aid, i am wondering if the u.s. is considering this? and if you are ceding influence for the ron. afghanistan has asked u.s. troops to leave the province and i think within two weeks, can we get your comment on that? >> with respect to afghanistan, i understand the concerns they have expressed. appropriately, when a complaint they may have thought to be appropriately evaluated. they will be, i assure you. i have taken appropriate note and i have had a great...